Dakota City Heritage Village Inc

Analysis

Dakota City Heritage Village Inc is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Dakota City Heritage Village Inc reported income of $120k and spending of $57k, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $252k to $120k (-52%), an average of -17% a year. The sharpest change came in the year to September 2023, when income rose by 78%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dakota City Heritage Village Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Concord Chamber Music Society Inc ($120k), Knights of the Symphony ($121k) and Portland 5 Centers for the Arts Foundation ($120k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 33% of the total. Other salaries and wages came to $3,471. At year end it held assets of $565k against liabilities of $685, net assets of $565k. It reported 2 employees.